private student loan refinancing lenders are offering fixed rates as low as 3.66 percent APR and variable rates starting from 3.71 percent APR.
Private Student Loan Refinance Rates Comparison 2026 - LoanKey
As of April 2026, private student loan refinancing lenders are offering fixed rates as low as 3.66 percent APR and variable rates starting from 3.71 percent APR for the most qualified borrowers. For the average borrower, fixed rates range from approximately 4.96 to 10.85 percent based on credit score, income, and loan amount. Refinancing makes sense when your current rate is higher than what you can qualify for today, but federal loan borrowers must weigh the permanent loss of income-driven repayment and forgiveness eligibility before converting to private debt. Current Student Loan Refinance Rates by Lender (April 2026) Lender Fixed APR Range Variable APR Range Min. Loan Max. Loan SoFi 3.23% to 15.99%* 5.14% to 16.49%* $5,000 No max Earnest
